Starbucks CEO asks peers to withhold political contributions

  1. Stacie L profile image87
    Stacie Lposted 5 years ago

    The CEO of Starbucks (SBUX) wants business leaders to jar Washington out of its partisan logjam by threatening not to give money to any political campaigns. For most of them, it won't be a big change.

    By Mary Altaffer, AP file
    CEO Howard Schultz in December 2010 at a Starbucks shop in New York City's Soho section.
    By Mary Altaffer, AP file

    When Howard Schultz announced last month that he would stop political contributions until lawmakers come up with a deficit-reduction plan, he said 100 other business leaders had also agreed to keep their checkbooks shut. But 38 of those executives appear not to have made any political contributions at all since at least 2008. Another 20 gave less than $5,000.
    watch the video … 6#44165656 … 50326932/1
    he sounds very sensible..his interview was enlightening

    1. Stacie L profile image87
      Stacie Lposted 5 years ago in reply to this

      I think if more politicians had their financial backing threatened ,they may start working for the good of the people...or the corporations?

      1. supplies expert profile image61
        supplies expertposted 5 years ago in reply to this

        Unfortunately the CEO of Starbucks and his friends who aren't really donating all that much money don't have much sway in this. The CEO's of the big oil conglomerates, the CEO's of the gun manufacturers, or pharmaceutical companies are the first people that will donate, and they contribute to a lot of the financial backing of the politicians. Unfortunately just a handful of mediocre CEO's boycotting charities for politicians does not threaten politicians, if anything it creates a bigger need for them to be corrupt. The CEO's from the oil, firearm and pharmaceutical corporations are the cause of many politicians being corrupt and with politicians relying on these guys for more money creates a bigger opportunity to have more sway of politician's votes. If only the CEO of Phizer or Johnson and Johnson would do such a thing than I'd feel like it's a step in the right direction. But all in all not a bad move for the CEO of Starbucks, great publicity for him.